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Is the world becoming uninsurable?

(charleshughsmith.substack.com)
478 points spking | 1 comments | 17 Jan 25 00:32 UTC | HN request time: 0s | source
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pontifier ◴[17 Jan 25 06:55 UTC] No.42734822[source]▶
Insurance is such a crutch for some people, but it shouldn't be.

If something is worth doing, it's worth doing whether you have insurance or not.

In my opinion, the amount of resources spent on buying insurance would, in almost every case, be better spent on prevention rather than after the fact mitigation.

replies(3): >>42734831 #>>42734839 #>>42737208 #
1. dottjt ◴[17 Jan 25 06:58 UTC] No.42734839[source]▶
It's that "in almost every case" that's the problem. The whole point of insurance is to cover that case where it does happen, irrespective of how unlikely it is.

Case in point, my partner was diagnosed with a very, very, very rare terminal cancer at 32. Insurance turned out to be a great investment for us.